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Map
$2,194,187*
●
Multifamily -
Off Market
1305 Park Avenue
Newport Beach, CA 92662
3 Beds
2 Baths
1200 Sqft
$1,350,000 - $1,648,000
Reference Base Price*
46.38%
Since Dec 1, 2019
National-US
Primary Model
About This Property
ATTENTION INVESTORS, HERE'S A RARE OPPORTUNITY! This property
produces Massive Rental Income; renters are already booked for the
entire year, and new owner will inherit them all. Just one block
from the beach, mere steps from the classic Village Inn, and a
quick stroll to the countless shops, services, bars and restaurants
along Marine Avenue, this charming coastal cottage is the most
attainably priced home for sale on Balboa Island in Newport Beach.
And that's just for starters. Capturing the allure of 1940s Balboa
Island living on the outside while offering updated interior
spaces, the cozy duplex has tremendous income potential. Enjoy as
is with a 2-bedroom, 1-bath upper-level unit and a 1-bedroom
main-floor studio, or combine both into one extraordinary
residence. A desirable half lot of approximately 1,200 square feet
measures 39 x 30 feet, including one parking space and no common
walls. Appliances, a fireplace, wood floors and a breakfast bar
enhance living spaces, and the duplex's location allows for quick
and easy access on and off the island. Served by the award-winning
Newport Mesa Unified School District, the one-of-a-kind residence
is sure to sell fast, just in time for Balboa Island's beautiful
spring and summer seasons.
The manager has listed the unit size as 1200 square feet.
The manager has listed the unit size as 1200 square feet.
Unit Size
1,200Ft²
Days on Market
-
Land Size
1,170.00 acres
Price per sqft
$1,249
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1948
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Nov 3, 2019 | No longer available | - | |
No longer available | |||
Aug 20, 2019 | Relisted | $1,499,000 | |
Relisted | |||
Aug 18, 2019 | No longer available | - | |
No longer available | |||
Aug 6, 2019 | Price Decreased |
$1,499,000
↓ $100K
(6.3%)
|
|
Price Decreased | |||
Apr 4, 2019 | Price Decreased |
$1,599,000
↓ $50K
(3%)
|
|
Price Decreased |
Show More
Property Highlights
With View
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
09/28/2019
|
|
3 Bed
|
2 Bath
|
1200 ft²
|
$1,499,000
3 Bed
2 Bath
1200 ft²
|
-
-
|
-
|
-
|
02/14/2019
|
|
3 Bed
|
2 Bath
|
1200 ft²
|
$1,649,000
3 Bed
2 Bath
1200 ft²
|
-
-
|
-
|
-
|
Building Info
About Newport Beach
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